Navigation Links
Craneware Reports Six Monthly Financial Results
Date:2/22/2010

ATLANTA, Feb. 22 /PRNewswire/ -- Craneware plc (AIM: CRW.L), the leader in automated revenue integrity solutions for the U.S. healthcare market, is pleased to announce its financial results for the first half of fiscal year 2010. The company reports its financials on a six-month basis.  

Financial Highlights for the six months ending 12/31/09 include: (all figures in US dollars)

  • Total of $25.0m of contracts signed in the half (H109: $21.8m)
    • 25% increase in revenues to $13.3m (H109: $10.6m)
    • Future revenues under contract increasing to $71.8m (FY09: $60.1m).
  • EBITDA(1) increased 36% to $3.4m (H109: $2.5m).
  • EBITDA(1) margin increased to 26% (H109: 24%).
  • Profit before taxation increased by 28% to $3.3m (H109: $2.6m).
  • Basic EPS increased by 18% to $0.092 (H109: $0.078).
  • Interim dividend of 4.7 pence / 7.2 cents per share with total dividend for FY10 expected to be in line with stated progressive dividend policy. (FY09 Interim dividend 1.8 pence / 2.7 cents; FY09 total dividend 4.7 pence / 7.2 cents).

(1.)  EBITDA refers to earnings before interest, tax, depreciation, amortization and share based payments

Operational Highlights First Half of FY2010

  • Launched the Company's fifth product, Supplies ChargeLink™, and secured first sales
  • Increased product attachment rate to 1.5 (compared to 1.4 in FY09)
  • Signed reseller agreement with McKesson and secured first sales
  • Signed a multi-year contract with North Shore-LIJ Health System, the largest integrated healthcare system in New York State.

"Due to current legislative and fiscal pressures on healthcare providers, our customers are focusing on revenue integrity, a niche in the U.S. IT healthcare market, of which we are at the forefront," said Keith Neilson, CEO of Craneware. "These market dynamics combined with Craneware's focus on quality software and customer support have led to another record half of sales. With our sixth product due to launch this calendar year and our ongoing focus on sales execution, we are confident in our ability to achieve significant revenue and earnings growth."

A full copy of the Company's Half-Yearly Results can be found on Craneware's Web site at craneware.com. In the Investors area of the Web site, click on Announcements.

About Craneware

Craneware (AIM: CRW.L) is the leader in automated revenue integrity solutions that improve financial performance for healthcare organizations. Craneware's market-driven, SaaS solutions help hospitals and other healthcare providers more effectively price, charge and code for services and supplies associated with patient care. This optimizes reimbursement, increases operational efficiency and minimizes compliance risk. By partnering with Craneware, clients achieve the visibility required to identify, address and prevent revenue leakage. To learn more, visit craneware.com.

SOURCE Craneware, Inc.

Back to top

RELATED LINKS
http://www.craneware.com

'/>"/>

SOURCE Craneware, Inc.
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. Cranewares Chargemaster Toolkit(R) Earns #1 KLAS Rank for Fourth Consecutive Year
2. Craneware Announces Fiscal Year-End Results
3. Craneware to Highlight Best Practices for Optimizing Revenue Capture Processes in Two Seminar Presentations during HFMAs 2009 ANI: The Healthcare Finance Conference
4. Craneware Supports Hospitals Compliance and Upfront Collections with Accurate Estimates
5. Craneware Appoints New Non-Executive Director
6. Craneware to Offer Financial Performance Solutions to Hospitals and Healthcare Providers Through Premier, the Largest U.S. Healthcare Alliance
7. Craneware and St. Joseph to Present Revenue Enhancement Success Story at HIMSS
8. Craneware Announces Half-Year Results
9. Remove Diabetes Drug Avandia From Market: FDA Reports
10. GSI Group Reports Preliminary Fourth Quarter 2009 Bookings, and Cash Balance
11. NIH Stem Cell Guidelines Should Be Modified, UCSF Team Reports
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:3/29/2017)... Md., and MINNETONKA, Minn. (PRWEB) , ... March ... ... the development of medical office buildings (MOBs) and other outpatient facilities, and who ... project to look exclusively at those questions, Revista and Healthcare Real Estate Insights ...
(Date:3/29/2017)... Norwalk, CT (PRWEB) , ... March 29, 2017 , ... ... Valuing —on Thursday, April 20, 2017, at 1:00 PM ET. A recording of the ... of the Interactive Webinar Series. , Home health and hospice companies are still popular ...
(Date:3/29/2017)... PITTSBURGH, PA (PRWEB) , ... ... ... the eastern suburbs and South Hills of Pittsburgh now have easier access ... western Pennsylvania only by Allegheny Health Network (AHN). Orthopaedic surgeons at Forbes ...
(Date:3/29/2017)... ... ... VisualSP has helped over 1.5 million SharePoint users learn the content management system ... Help System for SharePoint was at the farm level. Enterprises using SharePoint Online in ... The company recently released a modified version of the Help System, VisualSP for Site ...
(Date:3/28/2017)... ... March 28, 2017 , ... ... first technology to directly address the resolution to globally reduce the harmful use ... patented compound of FDA and TTB approved ingredients that when infused into alcohol, ...
Breaking Medicine News(10 mins):
(Date:3/29/2017)...  Maxor National Pharmacy Services, LLC ("Maxor"), a leading ... Leah Bailey as General Counsel.  Bailey will serve ... With more than 13 years of experience ... on health care, Bailey joins the Maxor team coming ... advised the PBM, Specialty, and Mail Order business areas ...
(Date:3/29/2017)... , March 29, 2017  Designers of primary cell ... solution size by 50% and extend battery life with ... management integrated circuit (PMIC) from Maxim Integrated Products, Inc. ... a low input voltage of just 0.7V for new ... Silver Oxide, as well as the more common Alkaline ...
(Date:3/29/2017)... Michigan , USA, March 29, 2017 ... Company that Cares by People magazine, in partnership with ... of 50 companies on the list. This list highlights ... that have succeeded in business while also demonstrating respect, ... the environment.  To determine the companies ...
Breaking Medicine Technology: